This Small-Cap construction company has received LoA worth Rs 690.30 crore

The business is a multi-domain infrastructure developer with experience and the capacity to carry out technically challenging projects either alone or as a joint venture.

KNR Constructions has received a Letter of Acceptance (LoA) for the construction of an access-controlled four-lane highway with a paved shoulder from Mysore to Kushalnagara Section of NH-275 from Design Ch. Km 195+550 at Yalachahalli close to the SH-117 Yelawala-KR Nagara Road Junction to Design Ch. Km 214+535 joining (at Ch. Km 131+180 around) to Sriranga (Package V). The project would cost Rs 690.30 crore. The project in question will take 24 months to complete.

Scrip opened today at Rs 273.50 and touched its day high at Rs 278.55. Its 52-week high stood at Rs 310.90, whereas the 52-week low was Rs 202.85. Promoters hold 51.09 per cent, whereas institutional and non-institutional holdings are 40.68 per cent and 8.23 per cent, respectively. Presently, the market cap of the company is Rs 7,621.46 crore.      

KNR Constructions Ltd., founded in 1995, specialises in building highways, bridges, flyovers and irrigation projects. The organisation is a multi-domain infrastructure project development corporation that offers engineering, procurement and construction (EPC) services for a number of quickly expanding industries, including roads and highways, irrigation and urban water infrastructure management. Its project execution expertise is mostly in road transportation engineering projects, including the building and upkeep of roads, highways, flyovers and bridges wherever necessary to the projects conducted.  

The business has significantly improved its ability to acquire and complete orders from various Indian regions and market categories. It is now recognised as the industry leader in the building of roads, highways, bridges and flyovers using the EPC, BOT and Hybrid Annuity Model (HAM) models.